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The global chelating agents market reached a value of US$ 5.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.13 Billion by 2027, exhibiting at a CAGR of 3.73% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chelating agents are organic substances that react with metal ions to form stable, water-soluble compounds. They can function as both acids and bases and modify the chemical composition of metals to improve their ability of creating a bond with other substances. They are used to manage heavy metal poisoning in the human body and minimize their toxic effects. They also aid in transporting nutrients to plants and the digestion process of animals. Besides this, they are widely utilized in water treatment, oil production, power plants, chemical analysis, detergents and medicines.
Chelating Agents Market Trends:
At present, chelating agents are employed in the recycling of fibers and bleach wood pulp, which are further used in facial tissues, toilet tissues, and newsprints. Moreover, rising sales of paper-based packaging materials around the world are strengthening the growth of the market. In addition, the increasing awareness about surface cleanliness and hygiene is resulting in the rising use of chelating agents in industrial and household cleaning products to eliminate the deposits of salt, hard water, and metal oxides. Apart from this, these agents are gaining traction in the agriculture industry to formulate micronutrients required for crop production. Furthermore, advancements in chelating technology are contributing in the development of mobilizing agents, which can help minimize industrial waste and reduce the environmental impact of hazardous chemicals. Besides this, chelating agents are used with other chemicals in upstream oil and gas applications, such as acidizing, filter cake removal, wettability alteration, improving reservoir productivity, and enhancing the oil recovery from sandstone and carbonate reservoirs. This, in confluence with surging oil and gas exploration activities, is presenting manufacturers operating in the industry with lucrative growth opportunities. Additionally, increasing investments by the leading market players in numerous research and development (R&D) activities, along with their rising focus on the synthesis of new biodegradable agents, are anticipated to propel the growth of the market in the upcoming years.
Key Market Segmentation
IMARC Group provides an analysis of the key trends in each sub-segment of the global chelating agents market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type
Breakup by Application
Breakup by Region
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Akzo Nobel NV, Archer Daniels Midland Company (ADM), BASF SE, Kemira Oyj, and The DOW Chemical Company.
Key Questions Answered in This Report:
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